Judge Sides With Ripple Again, Rejects SEC Appeal: Law Decoded

Cryptocurrency lawyers are apparently split on THE importance of A court order has dismiss THE DRY movement.

On October. 3, United States District Court Judge Analisa Torres rejected THE WE. Securities And Exchange Commissions (DRY) movement has call It is loss against Ripple Laboratories, THE business behind THE XRP (XRP) cryptocurrency. Torres denied THE DRY movement, affirming THE regulator failed has meet THE burden has to show that there were control questions of law Or substantial land For differences of notice on THE matter.

THE regulator appeals against THE courts July decision declaring that retail sales of THE XRP token did not meet THE legal definition of A security. THE SECOND argued there was "substantial ground For differences of notice" on THE laws has hand.

Immediately After THE DRY call was rejected, THE XRP price jumped almost 6%. However, THE decision is not it A downright loss For THE regulator, as Torres program A trial For April 23, 2024, has address THE remaining problems In THE case.

Cryptocurrency lawyers are apparently split on THE importance of THE court order. While a lot lawyers And commentators with chalk THE decision up as A substantial earn For Ripple In It is case against THE regulator, other legal experts to have exhorted THE public has character their enthusiasm. Bill Hugues, A lawyer has blockchain farm ConsenSys, said Cointelegraph that THE rejection of THE DRY call was something he'...